Gail : Cup and handle (Long term investment)

Scrip can be aimed for shorter TP resistance also for 470, 500, 520 in less time horizon if bullish momentum continues

Planning to enter at 460-465 price range after further confirmation

Bullish strength affirmation

1) SMA - 15 SMA is above 200 SMA and Price range has gone below 15SMA so for now, there is strength in the scrip movement
2) Cup and handle breakout - The right lip of handle breakout from cup and handle pattern has happened which validates longs for now on weekly chart
3) MACD crossover upwards movement - As marked in chart, Short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) which indicates a bull market on the horizon
4) Trading volume surge - high trading volume is already seen at the end of breakout surge

Sound fundamentals with favorable risk to reward
Price to book value: 1.95
Price to Sales: 1.57
although Q2, FY17 results would majorly impact the momentum
Good candidate for Intraday on 091017.
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